Microsoft to invest $1.1 billion in Mexico over next five years, says CEO Satya Nadell

Microsoft Chief Executive Satya Nadella said Thursday the technology giant will invest $1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday.

As part of the investment, the Redmond, WA-based Microsoft will build a new data center to deliver “client services to help every organization to really get an advantage and drive digital transformation,” added Nadella, who met with Mexican President Andres Manuel Lopez Obrador last year.

Microsoft will also invest in training labs and skills programs, Nadella said. Nadella said the investment is “focused on expanding access to digital technology for people and organizations across the country.”

Mexican President Andres Manuel Lopez Obrador, speaking during his daily morning conference, said the investment showed Mexico was an attractive investment destination, touting a strong local currency, stable inflation, and prudent debt management by the government.